Compute and interpret the volume and management variance

Assignment Help Financial Accounting

Reference no: EM13123384

Static Flexible Actual
Budget Budget Results
Revenue $4.7 $4.8 $4.5
Costs 4.1 4.1 4.2
Profits 0.6 0.7 0.3

a. Calculate and interpret the profit variance

b. Calculate and interpret the revenue variance

c. Calculate and interpret the cost variance

d. Calculate and interpret the volume and price variance on the revenue side.

e. calculate and interpret the volume and management variance on the cost side

f. How are the variance calculated above related?

Reference no: EM13123384

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